Zara Fashion :: essays research papers

ZARA Fashion 1)  Ã‚  Ã‚  Ã‚  Ã‚  With which of the international competitors listed in the case is it most interesting to compare Inditexà ¢Ã¢â€š ¬Ã¢â€ž ¢s financial results? Why? What do comparisons indicate about Inditexà ¢Ã¢â€š ¬Ã¢â€ž ¢s relative operating economics? Its relative capital efficiency? Note that while the electronic version of Exhibit 6 automates some of the comparisons, you will probably want to dig further into them? The four companies shown above have very different business models. Inditex owned much of the production and most of its stores. Inditex is thus a vertically integrated company. This made Inditex gain a competitive advantage, which is quick response to the market requirements. On the other hand, The Gap and H&M have a different business model. They owned most of the stores, but outsourced all the production. Benetton had a third business model. It invested heavily in the production, but licensees ran its stores. The most interesting company to compare Inditex is The Gap. Although The Gap has much higher revenues than Inditex (almost five times Inditex), it incurred a net loss, as opposed to Inditex, which achieved a 23%, return in investment. This is due to the extremely high costs of good sold for The Gap. This could be caused -at least partially- by the complete outsourcing of the production. They do not have enough control over the production costs. Although The Gap has larger market share than Inditex and has equity almost double that of Inditex, Inditex is much more profitable. 2)  Ã‚  Ã‚  Ã‚  Ã‚   2) How specifically do the distinctive features of Zaraà ¢Ã¢â€š ¬Ã¢â€ž ¢s business model affect its operating economics? Specifically, compare Zara with an average retailer with similar posted prices. In convenient to assume that on average, retail selling prices are about twice as high as manufacturersà ¢Ã¢â€š ¬Ã¢â€ž ¢ selling prices. Zara sources fabric, other inputs, and finished products from external suppliers. It has purchasing offices in Barcelona and Hong Kong. This gives Zara a competitive advantage towards the costs of goods sold, as it can purchase from both Europe and Asia according to prices. Buying more from China in the future might reduce even more the costs of goods sold. Inditex fully owns Comditel that managed dyeing, patterning and finishing of grey fabric of Inditexà ¢Ã¢â€š ¬Ã¢â€ž ¢s chains, and supplied finished fabric to external as well as in-house manufacturers. This gave Zara further competitive advantage, in terms of both cost and control. Inditex also fully owned 20 factories for internal manufacture. These factories apply just-in-time production (JIT). Again, this gave Zara further competitive advantage, in terms of both cost and control.

American Revolution: Loyalist Believed Patriots, James Chalmers Plain Truth

In the years prior to the American Revolution there were many different perspectives on whether the colonies should fight for their independence, or remain loyal to England and attempt to repair their relationship. The loyalists, who were mostly royal governors and officials in the colonies, believed that the talk of separation from Britain was a waste of time as it seemed impossible at the time. They also believed that the colonies still owed Britain a great debt due to their support in helping win the French and Indian War.Most loyalists believed that the colonies could not survive on their own as they depended just as much, if not more, on Great Britain as they did the colonies. The opposing perspective came from the group of people know as the patriots, who supported colonial independence from England. Many believed strongly in this fight for liberty and went to great measures to express their beliefs and have their voices heard.These people disagreed with the taxes being instill ed on the colonies without proper representation, and believed that Parliament and the King were unfit to rule the colonies as such a great distance separated each country and their governments. Both sides had their arguments as to why fighting for independence or remaining loyal to Britain was the right choice, and using these arguments, attracted many people to join each of their sides.Plain Truth was an article written by James Chalmers in 1776 which was essentially an angry response to Thomas Paine’s Common Sense that was published shortly before. In seventy pages, Chalmers wrote anything he could think of to tear down Common Sense. His main fault was in his writing, as it was directed at the more educated men and women, who at the time were mostly loyalists already, unlike Common Sense which was written very simply in order to be read and understood by even the uneducated.His main opposition to Paine were his views on democracy. Paine had a strong desire for democracy, u nlike many of the other Patriots that Chalmers disagreed with wholeheartedly. He refers to the short-lived democracies of Greece and Rome, comparing them to what he believes will be the outcome of a future American democracy, resulting in war and ruins. He briefly reminds the colonists of their debt to England due to their support in the French and Indian War, but as this is clear to most colonists, a strong argument is unnecessary.Chalmers’ biggest loyalist argument is that the colonists just simply could not win a war against Britain alone, which was very true. He saw it illogical for Spain or France to assist the colonists in their fight for independence in fear of directing ideas of revolution to their own royal colonies. Although many of the ideas expressed in Plain Truth are true, his lack of simple writing and invalid arguments could not have attracted nearly as many supporters as Thomas Paine’s Common Sense.  (New, Christopher)â€Å"Of the Natural Rights of Colonists† describes the views of African Americans on the American Revolution and the patriots’ desire for independence. In this piece of writing, the African Americans compare the relationship between Great Britain and the colonies to the relationship between a slave and his or her master. They emphasize that every person, no matter who they are, what they look like, or where they came from, is born with liberty and their own God-given rights.Just as a slave has those rights ripped away from them by their master, they believe that the colonists are being stripped of their rights by England as well. Obviously being against slavery or anything similar, the African Americans who contributed to this piece of writing are supporters of the fight for independence and patriots. Comparing the colonies to slavery really emphasizes that they believe they are being treated unfairly and deserve the rights they were born with.This piece of writing would have attracted many patriot supporters, as its arguments were truthful and relevant. (â€Å"Of the Natural Rights of the Colonists†) Patrick Henry, in his piece Liberty or Death, describes all of the things the colonies have done to try and peacefully repair their relationship with Great Britain, and how each one was ignored. He explains how war is not something they want, but after nothing else has worked, it seems to be the only possible solution.After countless protests, petitions and even pleading before the King, all had been ignored. Henry enthusiastically describes the need for war, as they will no sooner give up their liberty willingly than they will die. It is clear that Patrick Henry is a strong supporter of the fight for independence from Greta Britain and a strong patriot leader as well. This piece, describing England’s refusal to compromise with the colonists pleading requests surely brought upon many patriot supporters who agreed that war was the only option left.  (Henry, Patrick )Each of these views, both loyalists and patriots has a different argument as to why the colonies should either attempt to repair their relationship with England, or fight for independence. The patriots felt that England, by controlling them, was taking away the rights that they were born with, just as masters strip slaves of their rights. They also believed that they had no other option at this point, as England was not being the least bit cooperative and had ignored all protests and pleading prior.Loyalists believed that the fight for independence would essentially end in unnecessary deaths on both parts, as they believed it was impossible for the colonists to win against the English. They were skeptical of the government that American independence would produce, as past democracies in history had all ended in ruins. Each side has many arguments that divided the colonists based on their beliefs. It is clear that each side has attracted many supporters, but in the end, the Patriots turned out superior.

History of Death Penalty in Texas - 2397 Words

History of the Death Penalty in Texas During the historical era in the state of Texas, the use of the death penalty was common and frequent; before 1923 districts carried out executions themselves, in the form of hanging. However in 1923 the state of Texas prepared every execution to be carried out by the state in Huntsville using the electric chair as the method of execution. The state of Texas put to death their first prisoner by electrocution on February 8, 1924 and there were four more executions following the very first one on that date. The inmates that were sentenced to death and the areas that the executions were taken place were located in the Huntsville division from 1928 to 1965, and the last electrocution was carried out on†¦show more content†¦With this being said in 2001 the legislature passed a law assuring DNA testing to any damned inmates whose innocence could possibly be protected as a consequence. Since the numbers of execution has declined per year from the high 30’s to the low 20†™s but this doesn’t have anything to with the advancement in the use of DNA. Furthermore, in 2005 the Supreme Court limited the claim of capital punishment when it ruled that inmates who committed capital offenses when they were a minor could not be put to death. Also Texas altered the law so that the prison term for capital murders would be life in prison and ineligible for parole instead of the death penalty; by using this method the outcome that would reflect less inmates being placed on death row and more inmates serving life. This method worked and usually jurors would send about 30 inmates to death row a year, however with the change in the law the jurors on send about 15 inmates to death row. As a result, the residents of death row have declined from 446 prisoners at the beginning of 2005 to 354 inmates at the beginning of 2009. The amount of prisoners presently on death row is the lowest it has been since 1992 (Carson). Current Law In the state of Texas the current law still remains the same, the local courts have authority every illegal felony case. If a person is found guilty of a capital felony, they may be sentence by death, if the State wanted punishment of that nature. Examples ofShow MoreRelatedThe Death Penalty Should Not Be Legal871 Words   |  4 PagesThere are currently over 16,000 people legally sentenced to death worldwide. The State of Texas has 271 people on death row, the third most in America, but has executed the most people in the country. Twenty-five people have been executed this year in the U.S.; twelve of those have been executed in Texas (Facts). The death penalty must be abrogated because it is an ineffective, antiquated, and expensive form of punishment. Punishment by death has been around since Babylonian times, when the Code ofRead MoreCapital Punishment : An Ultimate Torture Method Essay1352 Words   |  6 Pages Capital punishment has been used as a penalty for criminal behavior for many years; however, its’ utilization has not been constant throughout American history. The basis of capital punishment has undergone a number of changes and improvements in the past, essentially alternating in and out of public favor. At its’ start, capital punishment was ultimately used as a means of torture. Criminals were bludgeoned, boiled, burned, torn apart by animals, etc.—it was an ultimate torture method. ThroughoutRead MoreDeath Penalty Is Unethical And Waste Of Millions969 Words   |  4 PagesDeath Penalty The death penalty how much does society really knows or understand about the process? 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An early supporter of the death penalty was the Babylonian King Hammurabi. In his set of laws, he set the legal punishment â€Å"an eye for an eye†. This popular phrase was used to punish criminals with death for 25 crimes, although murder was not one of them. 2. By the 10th Century BC, hanging, drowning, boiling, and burning, were added as ways for punishing simple crimes, or even for actions that today would not be consideredRead MoreThe Capital Punishment Is Important For Consideration Is Intergovernmental Relations1423 Words   |  6 Pagesmaximum security versus putting a criminal to death. I will compare the difference between California, Texas and Florida and how it costs these three states so much money to keep their death penalty policy active. Finally, I will provide recommendations in regards to the implementation of the death penalty. 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